If Technological Change Occurs in the Economy

question 97

Multiple Choice

If technological change occurs in the economy,

• A)the long-run aggregate supply curve will shift to the right.
• B)the long-run aggregate supply curve will shift to the left.
• C)we will move up along the long-run aggregate supply curve.
• D)we will move down along the long-run aggregate supply curve.
• E)the long-run aggregate supply curve will become steeper.

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Definitions:

Financial Targets

Financial targets refer to specific financial goals or benchmarks that a company aims to achieve, such as revenue, profit margins, or return on investment.

Top Management

The highest level of managers in an organization, responsible for the overall direction and strategy.

Economic Turmoil

A period of significant economic instability characterized by rampant inflation, unemployment, and financial uncertainty.

Vision Statement

A clear and compelling goal that unites an organization's efforts.